OC1999
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The worst that can happen is you end up in Federal Court in front of a judge and get sentenced to several years in prison. However, they would have to have proof that you did it with the intent to defraud the government.
More likely what would happen is that they will audit you and give you the option to treat it as an "honest mistake". They will then require you to pay the back taxes, interest and penalties. This may be several thousand dollars depending on what exactly you did.
Also, you may not have "gotten away with it". They can and do go back several years in audits. So if you did this last year don't be surprised if they catch up to you in the next year or so. |
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Judy1
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The worst? Prison for tax fraud. It's more likely though that you'd face fines and other monetary penalties.
MAYBE you've gotten away with it once already. Or maybe the IRS just hasn't gotten to you yet. |
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v b
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In about 12-18 months after you file, you will get a letter. The letter will ask you for copies of your tuition expenses because the IRS has no record of your school reporting that you actually paid any.
When you can't produce those records because you weren't in school, the IRS will redo your tax return, will ask you to pay back the excess refund and will had penalties and interest (roughly 14% per year) to the total.
The IRS will then ask you to pay the money back. You can pay, pay via an installment agreement or let them take collection actions against you (including taking your bank account and garnishing your wages). They generally don't take you to court.... |
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Mondella
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Th out shall not steal... |
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bud68
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Pretty dumb to tell the whole world you've done it by posting it here. |
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surferchick
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you can go to prison for tax fraud. Its a serious offense and the IRS is tough and they have the best lawyers so don't risk it. you can also face heavy penalties |
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kevin h
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If they cathc you , and you can't pay them back, you could go to jail for tax fraud. They could also just take your refunds for the next few years until you have paid them back. Don't you think that our society has enough freeloaders??? Why would you be one? |
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MR HENRY S
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You can go to jail. If it is a felony you are in really deep doodoo. |
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Michael C in Las Vegas
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the worst that can happen? You can go to jail for life for tax evasion. While in jail, unspeakable things happen to you. You only want to get out of there, and finally, you snap. And then you die. |
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jaywhitsell
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you go to jail for fraud. The Irs is a nasty dept. to mess with if you get caught. |
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peppersham
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You will have to pay it back with instrests and could get jail time.Is it worth it? |
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ASDZA’NI
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If caught..... You may be calling Leavenworth prison home.
http://www.lvarea.com/data/usp_info.htm |
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googie
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You go in the " Pokey" and then you pay the tax you were supposed to pay plus penalty plus interest. You can start your career with a lie and you can lie the rest of your life. When you do the Crime are you willing to do the Time? |
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Yogi
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you could be sent to Cuba to join the rest who have wronged the US |
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Pete B
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Do It. |
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Travis
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What about not reporting income. I had 3 jobs this year. What if I only report income from one of them? |
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A Dude
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It's too easy to get caught, but not paying taxes is only "freeloading" if our government's trying to run the world is somehow a service to all of us. |
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